EnergyWatch

Oil companies show strong optimism for 2018

UK oil companies are highly optimistic at the beginning of 2018, shows a new survey.

Photo: /ritzau/AP/Andrew Milligan/

After several tough years for the oil sector, particularly in the North Sea, there is now optimism emerging from UK drilling companies and oil engineers, who project positive developments for 2018 in a survey of 58 oil companies carried out by Rigzone.

Over 60 percent of the interviewed respondents expect the oil market in the North Sea to improve this year. A third expect improvements to already appear during the first and second quarters of 2018.

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